Global Hydrogenated Nitrile Butadiene Rubber Market Research Report – Forecast to 2023




Hydrogenated Nitrile Butadiene Rubber (HNBR) is a derivative of nitrile rubber, which is hydrogenated in a solution using precious metal catalysts. It is a new class of chemically modified NBR, and offers better wear and extrusion resistance as well as excellent resistance to mineral oil-based hydraulic fluids, animal and vegetable fats, diesel fuel, and dilute acids and bases as compared to NBR. Additionally, it has good chemical compatibility with fluids and gases.

The global HNBR market was valued at USD 11,010.5 million in 2018 and is projected to reach USD 16,467.8 million by 2023 at a CAGR of 8.38%. The global HNBR market is primarily driven by the increasing demand from the major end-use industries such as automotive, oil & gas, constructon, and machinery. The automotive industry is the largest consumer of HNBR for dynamic and static hoses, seals, gaskets, and belts. The increasing use of high-performance lightweight materials in the automotive industry due to strict emission regulations in developed and the developing economies is driving the demand for HNBR in the automotive industry. For instance, the total automotive production across the globe in 2017 stood at 97,302,534 units. Moreover, the demand for HNBR also increases due to the rising use in industrial and medical gloves owing to its high thermal, oil, and chemical resistance. These proeprties make HNBR an excellent choice of material for manufacturing medical non-latex gloves. The rising demand for safety gloves in the major end-use industries such as oil & gas, chemicals, and healthcare is likely to propel market growth in the coming years. However, the high cost of HNBR is a restraining factor to the market growth.

The manufacturers in the global market are focusing on strategic growth initiatives such as product launch and capacity expansion to strengthen their market position and meet the growing demand in the automotive, healthcare, and construction, among others. For instance, in July 2018, Arlanxeo presented its new terpolymer Therban ST3107 VP at German Rubber Conference, 2018. The new product has an innovative termonomer and can reduce the glass transition temperature by up to 10°C in rubber compounds, while maintaining excellent oil resistance.

Regional Analysis
The global HNBR market, by region, is spanned across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for around 41% of the global market share and was valued at USD 4,593.4 million in 2018 and is expected to reach USD 7,165.8 million at a CAGR of 9.30% during the assessment period. The growth of the regional market is attributed to the increasing use of HNBR in major end-use industries such as automotive, construction, and medical.
Europe was the second-largest regional market in 2018, registering a healthy CAGR of 8.07% projecetd to reach USD 4,198.7 million by end of 2023.

The global market has been segmented on the basis of product, end-use industry, and region. On the basis of product, the global HNBR market has been divided into HNBR solid, HNBR latex, and others. HNBR solid and HNBR latex are further segmented on the basis of application. HNBR solid is segmented into belts & cables, seals & O-rings, hoses, adhesives & sealants, foamed products, and others whereas the HNBR latex is segmented into non-woven fabric, films & coatings, paper saturation, and others. HNBR solid accounted for more than 65% of the market share in 2018; and is expected to reach a value of USD 11,189.0 million by 2023. Belts & Cables sub-segment was valued at USD 2,578.6 million in 2018 and is projected to register a CAGR of 9.99%. Among the end-use industry segment, the automotive industry was leading the global market with a value of USD 5,696.4 million in 2018; it is expected to register a significant CAGR of 9.13% during the assessment period.

Key Players
Some of the key players operating in the global HNBR market are Arlanxeo (the Netherlands), Zeon Corporation (US), AirBoss of America Corp. (Canada), Precision Associates, Inc.(US), Polycomp (the Netherlands), ERIKS NV (the Netherlands), Rahco Rubber, Inc. (US), Mantaline (US), Trelleborg Sealing Solutions (US), and MCM S.p.A. (Italy).
Geographic Analysis
The report covers a brief analysis of geographies including:
• North America
o US
o Canada
• Europe
o Germany
o UK
o Russia
o France
o Spain
o Italy
o Poland
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Thailand
o Australia & New Zealand
o Rest of Asia-Pacific
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
• Middle East & Africa
o Turkey
o Saudi Arabia
o Rest of Middle East and Africa

Key Findings
The global HNBR market was valued at USD 11,010.5 million in 2018 and is projected to reach USD 16,467.8 million by 2023 at a CAGR of 8.38%. The HNBR solid product segment accounted for the largest market share in 2018, and is projected to be valued at USD 11,189.0 million by 2023.
The automotive end-use industry segment accounted for the largest market share in 2018 and is projected to register the highest CAGR of 9.13% during the review period.
Asia-Pacific dominated the global market in 2018 and is projected to register a CAGR of 9.30% during the forecast period of 2018–2023.

Intended Audience
• Hydrogenated Nitrile Butadiene Rubber Manufacturers
• Traders and Distributors of HNBR
• Potential Investors
• Raw Material Suppliers
DC – Description

• elastomeric materials
• rubber
• elasticity
• chemical resistance
• nitrile rubber
• oil-resistant elastomers

Table of Contents

Table of Contents:

1 Report Prologue
2 Market Introduction
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
3.1 Key Takeaways
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.1 Drivers
5.1.1 Growing Use in Manufacturing Industrial and Medical Gloves
5.1.2 High Demand in Automobiles and Machinery
5.1.3 Surging Demand for HNBR in Oil & Gas Industry
5.2 Restraint
5.2.1 Relatively High Cost of HNBR
5.3 Opportunity
5.3.1 Development of Innovative Grades of HNBR for the Automotive Industry
5.4 Challenge
5.4.1 Fluctuating Prices in the Global Elastomers Market
6 Market Factor Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Material Suppliers
6.1.2 HNBR Manufacturers
6.1.3 Distribution Channel
6.1.4 End-Use Industry
6.2 Porter’s Five Force Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Rivalry
6.2.3 Threat of Substitutes
6.2.4 Bargaining Power of Suppliers
6.2.5 Bargaining Power of Buyers
7 Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market, by Product
7.1 Introduction
7.2 HNBR Solid
7.2.1 HNBR Solid, by Application Belts & Cables Seals & O-Rings Hoses Adhesives & Sealants Foamed Products Others
7.3 HNBR Latex
7.3.1 HNBR Latex, by Application Gloves Non-woven Fabric Films & Coating Paper Saturation
7.3.2 Others
8 Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market, by End-Use Industry
8.1 Introduction
8.2 Automotive
8.3 Machinery
8.4 Oil & Gas
8.5 Medical
8.6 Construction
8.7 Others
9 Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market, by Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Russia
9.3.4 France
9.3.5 Spain
9.3.6 Italy
9.3.7 Poland
9.3.8 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia & New Zealand
9.4.5 Indonesia
9.4.6 South Korea
9.4.7 Thailand
9.4.8 Rest of Asia-Pacific
9.5 Latin America
9.5.1 Mexico
9.5.2 Brazil
9.5.3 Argentina
9.5.4 Rest of Latin America
9.6 Middle East & Africa
9.6.1 Turkey
9.6.2 UAE
9.6.3 Saudi Arabia
9.6.4 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Introduction
10.2 Market Strategy Analysis
11 Company Profiles
11.1 Arlanxeo
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategy
11.2 Zeon Corporation
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offered
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategy
11.3 AirBoss of America Corp.
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offered
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategy
11.4 Precision Associates, Inc.
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offered
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategy

11.5 Polycomp
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offered
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategy
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offered
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategy
11.7 Rahco Rubber, Inc.
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Products Offered
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategy
11.8 Mantaline
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products Offered
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategy
11.9 Trelleborg Sealing Solutions
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offered
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategy
11.1 MCM S.p.A.
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products Offered
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.10.6 Key Strategy
12 Conclusion

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